Here's what the $1 billion Powerball winner could owe in taxes

does the lottery get taxed
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The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a

Winning from online games is taxed at 30%, excluding cess This amounts to % after adding cess and surcharge The winner does not get any

does 888 poker have rakeback Taxation is imposed upon all income sources You may think that lottery winning would not be considered as an income source, but it is counted

does a straight in poker have to be the same suit Have you ever wondered… how does India tax lottery winnings? You will be surprised to know that there is a 3% tax paid to improve education